Invest Data Consulting Ltd

MARKET ROUNDUP FOR OCTOBER, 2017 The last quarter of 2017 started on a positive note on Wednesday, reversing two consecutive months of bear transition as it closed higher on bullish sentiment helped by the torrents of impressive corporate earnings reports released over the past 15 days to coincide with the regulatory deadline for submission in line with the post-listing requirement of the Nigerian Stock Exchange (NSE). Despite the relatively weak liquidity in the market and continued profit taking that has dominated the market in recent years, fiscal policies and the needed stimulus to hasten economic recovery are not clear enough to give direction or impact the citizenry by strengthening their purchasing power going by the implementation of 2017 budget has not reflected on the economy much to complement the monetary policies. Of particular importance is that the huge amount budgeted for infrastructural development to drive and strengthen economic fundamentals to boost na...